TIL Desk Lucknow/ AU Small Finance Bank (AU SFB), India’s leading SFB, has commenced operations of its third branch in Lucknow. Today, the inauguration ceremony took place at Aliganj, where Suresh Kumar Khanna, Minister of Finance, Government of Uttar Pradesh inaugurated the branch. This launch signifies AU SFB’s targeted offerings for the emerging business potential in the area and its commitment to bring tech-driven financial services across the city. With the launch of this branch AU SFB now has 20 banking touchpoints across Uttar Pradesh.
Speaking on the occasion, Suresh Kumar Khanna, Minister of Finance, Government of Uttar Pradesh, said, “Under the leadership of our Prime Minister, a digital revolution to accelerate financial services has taken shape. We are proud to be a part of such initiatives and contribute towards the dream of Digital Bharat. It is interesting to see how AU Small Finance bank is using digital mediums to offer convenient banking not only to bigger cities like Lucknow but also remote locations of the state.”
Speaking on the Bank’s focus on serving Uttar Pradesh, Mr. Uttam Tibrewal, Executive Director, AU Small Finance Bank, commented, “Our expansion in Lucknow with this branch is driven by our commitment to ensure that more individuals and businesses have convenient access to our wide range of products and services. AU SFB has 28-year legacy of being a retail-based and customer-centric institution. We are not just opening branches; we are opening gateways to seamless, tech-driven banking experiences. Currently, at this branch, we’ll offer a diverse range of products, including, micro business loans, vehicle loans, business banking, agri-banking, FDs/Green FDs, construction funding to real estate developers, etc. Ever since we forayed in Lucknow, the city of royalty has given us a very warm response which is motivating us to reinforce our strength in the city.”
Notably, AU Small Finance Bank was the first bank to initiate monthly interest payouts to customers. It also offers competitive interest rates and extended banking hours to add to customers’ convenience. Taking its commitment to tech-led banking to new heights, AU launched its digital banking app AU0101 and introduced a groundbreaking 24×7 video banking service. This one-of-a-kind facility addresses over 400 service requests on video calls, providing unparalleled convenience for customers to handle their banking needs from the comfort of their homes.
About AU Small Finance Bank
AU Small Finance Bank Limited (AU SFB) is a scheduled commercial bank and has established itself as the largest SFB in India since starting its banking journey in April 2017. Established in 1996 by Mr. Sanjay Agarwal, a first-generation entrepreneur, AU SFB boasts a 28 years-legacy of building a retail banking franchise with deep understanding of the rural and semi-urban markets and customer segments. The Bank operates a sustainable business model that facilitates credit to the unserved and underserved retail and MSME customer segments while providing complete banking solutions to its deposit and branch banking customers. As a tech-led Bank, AU has a strong digital presence with innovative products and services like 24X7 video banking, credit cards, personal loans, UPI QRs, payments, merchant lending, WhatsApp Banking, Chatbots etc. and its digital bank application AU0101 remains among the higher rated banking apps in India.
The Bank operates from 1,049 banking touchpoints across 21 States & 3 Union Territories serving 46.8 Lac customers with an employee base of 28,904 employees. As on 31st Dec’23, the Bank has a net worth of ₹12,167 Crore, deposit base of ₹80,120 Crore, Gross Advance of ₹67,624 Crore and a Balance sheet size of ₹1,01,176 Crore. AU SFB enjoys the trust of marquee investors and is listed at both NSE and BSE. It has consistently maintained high external credit Rating from all major rating agencies like CRISIL, CARE Ratings and India Ratings. Website: www.aubank.in | Twitter: @aubankindia | Facebook: AU Small Finance Bank | LinkedIn: AU Bank
